Ero Copper (TSE:ERO) Upgraded by National Bankshares to Outperform Rating

National Bankshares upgraded shares of Ero Copper (TSE:ERO) from a sector perform rating to an outperform rating in a report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has C$23.00 target price on the stock, up from their previous target price of C$21.50.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group decreased their price target on shares of Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Canaccord Genuity Group reduced their target price on Ero Copper from C$26.50 to C$26.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets raised Ero Copper to a “strong-buy” rating in a research note on Wednesday, April 16th. Scotiabank reduced their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Raymond James raised their price objective on Ero Copper from C$26.00 to C$28.00 in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$30.04.

Ero Copper Stock Up 0.3 %

ERO stock opened at C$18.66 on Wednesday. The company’s 50 day moving average is C$17.09 and its 200 day moving average is C$19.59. The stock has a market cap of C$1.31 billion, a price-to-earnings ratio of 81.63, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a 1-year low of C$13.17 and a 1-year high of C$32.89.

Ero Copper Company Profile

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.